AIRADVANTAGE AS

4055 SOLA

Finances

Share Ownership

Return on Equity

202,44 %

Current Ratio

0,8

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	348 000	119 000	188 000	128 000
Net Income	83 000	−109 000	−26 000	−119 000
Total Assets	217 000	101 000	136 000	221 000
Total Equity	41 000	−43 000	66 000	92 000

Income (NOK)	2022	2021	2020	2019
Revenue	348 000	119 000	188 000	128 000
Expenditure	265 000	228 000	213 000	248 000
Operating Profit	83 000	−109 000	−26 000	−120 000
Financial Income	1 000	0	0	0
Financial Costs	0	0	0	0
Financial Balance	1 000	0	0	0
Earnings Before Tax	83 000	−109 000	−26 000	−120 000
Tax	0	0	0	0
Net Income	83 000	−109 000	−26 000	−119 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	76 000	89 000	133 000	207 000
Total Current Assets	141 000	11 000	3 000	14 000
Total Assets	217 000	101 000	136 000	221 000
Total Retained Equity	−768 000	−852 000	−743 000	−717 000
Total Equity	41 000	−43 000	66 000	92 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	176 000	143 000	70 000	128 000
Total Equity and Debt	217 000	101 000	136 000	221 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	346 000	119 000	187 000	128 000
Other Income	2 000	0	0	0
Revenue	348 000	119 000	188 000	128 000
Cost of Goods Sold	109 000	45 000	44 000	56 000
Salary Costs	0	0	0	0
Depreciation	13 000	81 000	74 000	74 000
Impairment	0	0	0	0
Expenditure	265 000	228 000	213 000	248 000
Operating Profit	83 000	−109 000	−26 000	−120 000
Financial Income	1 000	0	0	0
Financial Costs	0	0	0	0
Financial Balance	1 000	0	0	0
Dividends	0	0	0	0
Net Income	83 000	−109 000	−26 000	−119 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	76 000	89 000	133 000	207 000
Total Tangible Assets	76 000	89 000	133 000	207 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	76 000	89 000	133 000	207 000
Stock	0	0	0	1 000
Total Investments	0	0	0	0
Cash, Bank	94 000	3 000	3 000	2 000
Total Current Assets	141 000	11 000	3 000	14 000
Total Assets	217 000	101 000	136 000	221 000
Total Equity	41 000	−43 000	66 000	92 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	5 000	33 000	29 000	30 000
Unpaid Taxes	19 000	−1 000	−1 000	0
Dividends	0	0	0	0
Other Current Debt	153 000	112 000	41 000	98 000
Total Current Debt	176 000	143 000	70 000	128 000
Total Equity and Debt	217 000	101 000	136 000	221 000

Financial indicators	2022	2021	2020	2019
Return on Equity	202,44 %	253,49 %	−39,39 %	−129,35 %
Debt-to-Equity Ratio	0	−0	0	0
Operating Profit Margin	23,85 %	−91,6 %	−13,83 %	−93,75 %
Current Ratio	0,8	0,08	0,04	0,11
Quick Ratio	0,8	0,08	0,04	0,11
Equity Ratio	0,19	−0,43	0,49	0,42
Gross Profit Margin	68,68 %	62,18 %	76,6 %	56,25 %